Six Flags Mall Pulled from Auction

Potential buyers choose not to sell

By Justin Hinton
|  Monday, Dec 12, 2011  |  Updated 5:09 PM CDT
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Six Flags Mall Pulled from Auction

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The Six Flags Mall is pulled from auction after potential buyers decide not to sell.

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The Six Flags Mall was pulled from auction on Saturday.

According to the Star Telegram, Brad Cruickshank, a listing broker with Woodmont Co., says the potential buyers interested in the property chose not to bid.

The International Bank of Commerce foreclosed on the more than 360,000 square feet of space in 2008 which includes the former J.C. Penney anchor site.

The bank tried selling more than 150-bank owned Texas properties during the auction. While Dillard's and Cinemark operate from the space they own, the former Sears and Macy's spaces are owned by others.

Since 1999, the bank has held an $11.7 million note on the property.

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